Kumba Iron Ore will supply iron ore to steel mills in the China Mineral Resources Group network from April 2026 to March 2027, under a contract Bloomberg estimates could cover 8 to 10 million tonnes.
Kumba Iron Ore kept its full-year production and sales targets intact despite a 41% drop in interim headline earnings, record Northern Cape rainfall, a stronger rand and sharply higher freight costs.
Kumba Iron Ore has agreed to buy power from a 63MW solar plant that Envusa Energy will build on a waste rock dump at Sishen, with first electricity expected in the fourth quarter of 2027.
Kumba Iron Ore plans a 63MW on-site solar plant at its Sishen mine, developed by Envusa Energy, expected to start operating in the fourth quarter of 2027.
Kumba Iron Ore forecast on 21 July 2026 that headline earnings per share would fall 39-43% in the first half, hit by an 11% rand appreciation against the dollar.
Envusa Energy's 240MW Mooi Plaats solar plant has begun commercial operation, supplying wheeled renewable power to Anglo American-linked miners Kumba Iron Ore, De Beers and Valterra Platinum.
JSE: EXXCoalExxaroDiversified South African miner created in 2006 when Kumba Resources was restructured and its coal and mineral sands assets were combined with Eyesizwe Coal. It is now among South Africa's largest thermal coal producers and holds a 20% stake in Sishen Iron Ore Company, its former sister company under Kumba Iron Ore.
JSE: KIOIron oreKumba Iron OreAfrica's largest iron ore producer and a JSE-listed subsidiary of Anglo American. Kumba was created in November 2006 when Kumba Resources was restructured, with its coal and mineral sands assets going to Exxaro. The company sells almost all of its high-grade ore to export markets through the Saldanha Bay port.
